Personal + Self Employed
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Taxation is the largest single expense for most Canadians, often consuming a substantial portion of your income. In fact, even those in the middle tax bracket typically see over 35 cents of every dollar they earn go towards taxes—whether it’s income tax, sales tax, property tax, or other forms.
Given the complexity of Canada’s tax system, it’s easy to overlook deductions, credits, and strategies that could significantly reduce your tax burden. That’s where we come in.
At PEL, we specialize in helping Canadians navigate the intricacies of the tax system. Our experienced professionals work diligently to ensure you only pay what’s necessary, no more. Whether you’re self-employed, running a business, or simply looking for personal tax advice, we tailor our services to meet your specific needs.
Don’t let taxes take more than their fair share. Let us help you optimize your financial situation, maximize your returns, and secure your financial future.
Personal Tax Preparation
We’ll help you use all of the tax planning opportunities available to you, prepare your paperwork accurately and file on time. Whether you’re a doctor, a lawyer, an investor, a business owner, a rental property owner, self‐employed, or retired, we have you covered with the specific knowledge required for your tax situation.
You may also have questions about the tax treatment upon sale of your home. Rules relating to your principal residence can be complicated.
Tax and Estate Planning
We work to find tax planning opportunities for you. We’ll assess your financial matters from a tax perspective, and we’ll advise you of the updates and changes you need to know about.
And as your circumstances change throughout the year, don’t be afraid to pick up the phone and talk to one of our tax professionals. Don’t wait until tax time – the earlier in the year you act, the more options you’ll have at your disposal.
Representation on CRA Audits
While the Income Tax Act is written in black and white, many audit issues are not necessarily clear‐cut. When you involve us in your tax planning or tax return process, you reduce your likelihood of a tax audit and can increase the opportunity for a positive outcome if you do get audited.
Once an audit is in process, having our professionals on your side can serve to reduce tensions and encourage a reasonable exchange with CRA officials.
Sales Tax & Other Planning
Many businesses are required to collect and remit GST/HST and, in some cases, PST and the rules can be complicated. We can help you determine if you are subject to GST/HST or PST, how the rules apply to your business, how to address the tax implications of unusual transactions and help with compliance.
Not sure how to comply with the new speculation and vacancy and empty homes taxes in British Columbia and Vancouver? Give us a call.
Let us figure it out.
Tax, financial or business questions?
201-4664 Lougheed Highway
Burnaby, BC V5C 5T5